Informations Rapides · 25 August 2022 · n° 218
In August 2022, the French business climate is stable and the employment climate has retreated a little Business indicator - August 2022

In August 2022, the business climate is stable. At 103, the indicator that synthesizes it, calculated from the responses of business managers from the main market sectors remains above its long-term average (100). This stability of the business climate is the result of mixed movements: the business situation has improved in retail trade and, to a lesser extent, in building construction, but it has weakened in manufacturing.

Informations rapides

N^o 218

Paru le :Paru le25/08/2022

Prochaine parution le : 19/09/2025 at 08:45 - September 2025

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In August 2022, the business climate in France is stable, above its long-term average
The employment climate has edged down again
Revisions
For further information

In August 2022, the business climate in France is stable, above its long-term average

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tableauFrench business climate composite indicator

French business climate composite indicator
	French business climate composite indicator
2022-08	103.4
2022-07	102.8
2022-06	104.0
2022-05	105.6
2022-04	105.5
2022-03	106.7
2022-02	112.6
2022-01	107.4
2021-12	109.0
2021-11	113.3
2021-10	112.3
2021-09	110.3
2021-08	109.8
2021-07	111.9
2021-06	113.4
2021-05	109.1
2021-04	95.4
2021-03	97.3
2021-02	90.7
2021-01	93.2
2020-12	92.2
2020-11	78.0
2020-10	89.8
2020-09	93.0
2020-08	93.4
2020-07	89.9
2020-06	83.6
2020-05	59.2
2020-04	47.5
2020-03	93.7
2020-02	105.5
2020-01	105.7
2019-12	105.8
2019-11	106.0
2019-10	105.9
2019-09	106.0
2019-08	105.3
2019-07	105.4
2019-06	105.9
2019-05	106.2
2019-04	106.2
2019-03	105.4
2019-02	104.2
2019-01	103.7
2018-12	103.1
2018-11	106.2
2018-10	105.8
2018-09	106.8
2018-08	107.4
2018-07	107.9
2018-06	108.4
2018-05	108.7
2018-04	110.4
2018-03	111.1
2018-02	111.2
2018-01	112.2
2017-12	112.6
2017-11	111.5
2017-10	110.4
2017-09	110.5
2017-08	110.3
2017-07	109.6
2017-06	108.5
2017-05	107.4
2017-04	107.0
2017-03	106.5
2017-02	106.7
2017-01	106.0
2016-12	106.0
2016-11	103.6
2016-10	103.8
2016-09	103.5
2016-08	103.4
2016-07	103.7
2016-06	102.8
2016-05	104.1
2016-04	102.2
2016-03	102.7
2016-02	102.8
2016-01	103.8
2015-12	101.4
2015-11	102.6
2015-10	102.7
2015-09	101.9
2015-08	102.5
2015-07	100.8
2015-06	100.4
2015-05	99.1
2015-04	98.1
2015-03	96.7
2015-02	95.7
2015-01	94.6
2014-12	93.9
2014-11	93.7
2014-10	91.8
2014-09	91.8
2014-08	92.8
2014-07	94.3
2014-06	94.8
2014-05	95.5
2014-04	96.0
2014-03	96.0
2014-02	94.9
2014-01	95.3
2013-12	94.1
2013-11	94.6
2013-10	95.3
2013-09	95.4
2013-08	91.8
2013-07	88.5
2013-06	86.9
2013-05	85.6
2013-04	84.5
2013-03	86.0
2013-02	88.1
2013-01	88.0
2012-12	88.6
2012-11	87.9
2012-10	86.7
2012-09	88.4
2012-08	89.9
2012-07	90.8
2012-06	92.0
2012-05	93.2
2012-04	97.4
2012-03	95.8
2012-02	93.3
2012-01	93.4
2011-12	94.8
2011-11	95.7
2011-10	97.7
2011-09	98.7
2011-08	101.5
2011-07	106.2
2011-06	107.6
2011-05	107.9
2011-04	108.5
2011-03	109.2
2011-02	108.7
2011-01	107.4
2010-12	106.5
2010-11	104.9
2010-10	104.1
2010-09	102.3
2010-08	100.3
2010-07	98.3
2010-06	96.3
2010-05	96.8
2010-04	95.5
2010-03	91.7
2010-02	92.3
2010-01	91.7
2009-12	90.2
2009-11	90.0
2009-10	88.3
2009-09	85.6
2009-08	82.8
2009-07	79.6
2009-06	77.7
2009-05	74.3
2009-04	71.7
2009-03	69.9
2009-02	74.0
2009-01	75.5
2008-12	77.3
2008-11	80.0
2008-10	83.9
2008-09	92.9
2008-08	95.3
2008-07	96.8
2008-06	100.3
2008-05	103.4
2008-04	106.0
2008-03	108.1
2008-02	108.2
2008-01	109.3
2007-12	109.9
2007-11	110.1
2007-10	109.6
2007-09	111.0
2007-08	111.6
2007-07	112.6
2007-06	113.5
2007-05	112.5
2007-04	112.3
2007-03	111.7
2007-02	111.3
2007-01	109.6
2006-12	109.5
2006-11	111.0
2006-10	109.4
2006-09	109.3
2006-08	108.7
2006-07	108.2
2006-06	106.2
2006-05	106.5
2006-04	104.7
2006-03	104.2
2006-02	103.8
2006-01	106.2
2005-12	104.8
2005-11	103.3
2005-10	103.8
2005-09	100.9
2005-08	101.5
2005-07	101.6
2005-06	101.8
2005-05	100.9
2005-04	103.3
2005-03	104.2
2005-02	104.1
2005-01	103.7

graphiqueFrench business climate composite indicator

In retail trade (including trade and repair of vehicles), the business climate has improved in August, with in particular a sharp rebound of the employment prospects in the sector.

In building construction, the business climate has rebounded slightly, held up by a revival of optimism from business managers regarding their personal activity outlook.

In services, the business climate is virtually stable. In particular, the balances of opinion concerning personal and general outlook have held steady.

Finally, in manufacturing, the business climate has darkened again, weakened by the decrease in the balances regarding order books and past production.

tableauBusiness and employment climates

Business and employment climates
	Apr. 22	May 22	June 22	Jul. 22	Aug. 22
Business climates
France	105	106	104	103	103
Manufacturing	108	106	108	106	104
Building construction	115	114	114	113	114
Services	108	109	108	107	106
Retail trade	93	98	95	96	99
Wholesale trade		101		101

Employment	111	110	108	109	107

Source: INSEE, Business tendency surveys

The employment climate has edged down again

The employment climate has edged down again in August 2022, after an upturn in July. The composite indicator has lost two points and stands at 107, thus remaining above its long-term average (100). This decline is mainly the result of the decrease in the balances of opinion regarding past and expected change in the workforce size in services (excluding temporary work agencies), despite the good standing of the balance about expected change in the workforce size in retail trade and manufacturing.

Graphique
Tableau

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tableauFrench employment climate composite indicator

French employment climate composite indicator
	French employment climate composite indicator
2022-08	107.1
2022-07	109.0
2022-06	107.5
2022-05	109.7
2022-04	110.7
2022-03	113.2
2022-02	113.3
2022-01	110.6
2021-12	109.6
2021-11	112.2
2021-10	110.2
2021-09	105.6
2021-08	107.4
2021-07	107.2
2021-06	104.5
2021-05	100.1
2021-04	92.5
2021-03	92.9
2021-02	86.2
2021-01	88.4
2020-12	86.6
2020-11	85.2
2020-10	89.4
2020-09	92.6
2020-08	87.8
2020-07	76.5
2020-06	67.7
2020-05	55.5
2020-04	52.0
2020-03	97.5
2020-02	105.2
2020-01	105.1
2019-12	106.2
2019-11	106.0
2019-10	105.3
2019-09	106.0
2019-08	105.2
2019-07	106.1
2019-06	106.6
2019-05	105.6
2019-04	107.5
2019-03	107.9
2019-02	107.2
2019-01	105.2
2018-12	104.7
2018-11	104.9
2018-10	106.8
2018-09	107.3
2018-08	107.5
2018-07	108.3
2018-06	110.1
2018-05	109.3
2018-04	109.1
2018-03	110.2
2018-02	110.1
2018-01	109.4
2017-12	108.7
2017-11	108.0
2017-10	108.1
2017-09	106.7
2017-08	105.8
2017-07	107.6
2017-06	107.8
2017-05	107.3
2017-04	106.4
2017-03	107.5
2017-02	104.8
2017-01	105.2
2016-12	106.4
2016-11	104.7
2016-10	104.6
2016-09	104.3
2016-08	103.3
2016-07	103.8
2016-06	101.7
2016-05	102.3
2016-04	100.8
2016-03	100.0
2016-02	100.8
2016-01	102.0
2015-12	100.7
2015-11	101.8
2015-10	100.5
2015-09	100.3
2015-08	100.5
2015-07	99.8
2015-06	99.3
2015-05	97.6
2015-04	97.6
2015-03	95.8
2015-02	96.1
2015-01	94.0
2014-12	94.7
2014-11	94.7
2014-10	94.7
2014-09	94.9
2014-08	94.7
2014-07	96.1
2014-06	95.5
2014-05	97.2
2014-04	98.1
2014-03	95.6
2014-02	94.9
2014-01	95.6
2013-12	95.5
2013-11	93.5
2013-10	95.0
2013-09	92.7
2013-08	91.0
2013-07	90.7
2013-06	89.4
2013-05	87.0
2013-04	87.3
2013-03	88.7
2013-02	89.5
2013-01	92.7
2012-12	90.0
2012-11	90.4
2012-10	91.9
2012-09	91.3
2012-08	93.7
2012-07	92.9
2012-06	94.2
2012-05	95.5
2012-04	97.9
2012-03	99.2
2012-02	97.6
2012-01	98.1
2011-12	99.2
2011-11	100.8
2011-10	100.9
2011-09	103.6
2011-08	105.6
2011-07	109.6
2011-06	111.3
2011-05	111.1
2011-04	109.7
2011-03	109.4
2011-02	110.0
2011-01	104.4
2010-12	105.4
2010-11	104.8
2010-10	103.6
2010-09	101.1
2010-08	99.4
2010-07	99.0
2010-06	98.6
2010-05	97.4
2010-04	95.4
2010-03	93.3
2010-02	90.8
2010-01	90.2
2009-12	88.8
2009-11	86.6
2009-10	84.4
2009-09	82.4
2009-08	83.0
2009-07	78.3
2009-06	74.7
2009-05	73.5
2009-04	74.4
2009-03	73.8
2009-02	79.3
2009-01	81.0
2008-12	83.2
2008-11	88.3
2008-10	95.3
2008-09	99.7
2008-08	100.9
2008-07	105.2
2008-06	104.9
2008-05	108.1
2008-04	112.4
2008-03	112.2
2008-02	113.7
2008-01	113.6
2007-12	114.4
2007-11	112.8
2007-10	111.4
2007-09	112.9
2007-08	112.1
2007-07	110.8
2007-06	112.6
2007-05	113.0
2007-04	111.6
2007-03	110.9
2007-02	111.1
2007-01	109.2
2006-12	110.7
2006-11	110.2
2006-10	108.6
2006-09	107.8
2006-08	108.8
2006-07	109.5
2006-06	109.7
2006-05	107.9
2006-04	106.8
2006-03	104.5
2006-02	104.0
2006-01	103.9
2005-12	103.0
2005-11	103.6
2005-10	103.8
2005-09	103.4
2005-08	103.0
2005-07	102.4
2005-06	101.9
2005-05	102.3
2005-04	101.6
2005-03	104.1
2005-02	101.6
2005-01	101.9

graphiqueFrench employment climate composite indicator

Revisions

The composite indicator of the business climate in retail trade of July 2022 has been revised upwards by one point. This revision is mainly explained by the inclusion of late responses from companies. The other business climate indicators are unchanged (after rounding).

For further information

The business climate indicator summarises the information provided by the surveys in manufacturing, services, trade (retail and wholesale) and building construction. It is built from 30 balances of opinion from these surveys. The employment indicator is based on the 10 balances of employment, past and expected, from the surveys in manufacturing, services, retail trade and building construction.

The balances of opinion concerning employment in services that are used in the employment climate distinguish the services excluding temporary work employment sector from temporary work agencies. For the latter, the balances on past and expected workforce size are not weighted, unlike the other sectors.

Finally, since the definitive data of April 2020, the way of correcting non-response has been modified. The usual method was to fill in missing answers by carrying on past answers from non-responding companies. Results are now computed on the sole basis of responding units.

The responses to these surveys were collected between 27 July and 22 August 2022.

Next issue: 22 September 2022 at 08:45 am.

Documentation

Changes to business tendency surveys related to European harmonisation – October 2021 (pdf,181 Ko)

Methodology note (in French) (pdf,245 Ko)

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